Cenvat Credits Applicability of Jindal Stainless Ltd on Input used for Electricity generated and sold to HSEB: Punjab and Haryana HC Remands matter to CESTAT [Read Order]

Fuel used for generation of electricity and the electricity diverted/cleared outside the factory is not covered under the purview of eligible inputs defined under Rule 57A of Central Excise Rules, 1944, Rule 57AB of Central Excise (2nd amendment) Rules, 2000 and Rule 2 of CENVAT Credit Rules, 2001 and 2002 applicable during the relevant period and as such credit taken and utilized on fuel used for the purpose other then the specified is recoverable